Emerging Variant Capital Management, Lp

Emerging Variant Capital Management, LP is a SEC-registered investment adviser founded in 2017. The firm serves as the investment adviser to various funds and a separately managed account. The funds include the Onshore Fund, Offshore Fund, Master Fund, Directional Master Fund, Directional Offshore Fund, and EVP A Fund. The firm's investment strategy focuses on long and short opportunities primarily in equities and equity-related instruments of companies based in Latin America. The firm employs a private equity-style investment process combined with strict risk management. The firm may utilize leverage, engage in short selling, and invest in emerging markets-related debt securities, among other strategies. Clients are encouraged to read the offering documents for specific fee details. The management fee ranges from 1.0% to 2.0% per annum based on the fund. The firm may also charge performance-based fees. The firm's employees adhere to a Code of Ethics and are subject to personal securities trading restrictions. Emerging Variant has full discretionary authority over client accounts and complies with proxy voting policies when delegated such authority. The firm does not currently employ third-party marketers or solicitors for client referrals. Emerging Variant is not aware of any financial condition likely to impair its ability to meet commitments.